The nonpartisan, independent research is clear. In May Third Way, a leading moderate think tank, released a study showing that a carbon pricing plan would cut U.S. foreign oil consumption in half by 2020. The report also showed that a carbon price would promote job growth in all 50 states, creating about 1.9 million jobs in the next decade. And the nonpartisan Peterson Institute for International Economics affirmed those findings. Its analysis of the American Power Act concluded that this legislation will reduce foreign oil imports by 40 percent, create 200,000 new jobs each year, and lower household energy costs by $35 a year through 2020.
So there are the facts. A carbon-pricing plan will decrease our dependence on foreign oil, create American jobs, lower energy bills, and protect our environment. This will be the measure of a real bill, and I’m prepared to fight to get this done, following the strategy Winston Churchill laid out at the outbreak of World War II: “Never give in, never give in — never, never, never, never.”
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